Synchrony Financial (NYSE:SYF) PT Raised to $51.00

Synchrony Financial (NYSE:SYF - Get Free Report) had its price target raised by research analysts at TD Cowen from $49.00 to $51.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the financial services provider's stock. TD Cowen's price target suggests a potential upside of 14.20% from the stock's previous close.

A number of other equities research analysts have also recently commented on the stock. Wolfe Research raised shares of Synchrony Financial from an "underperform" rating to an "outperform" rating and lifted their price target for the stock from $36.00 to $50.00 in a report on Thursday, April 4th. StockNews.com lowered shares of Synchrony Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, April 17th. BMO Capital Markets lifted their price objective on shares of Synchrony Financial from $40.00 to $41.00 and gave the company a "market perform" rating in a research note on Thursday. JMP Securities lifted their price objective on shares of Synchrony Financial from $35.00 to $42.00 and gave the company a "market outperform" rating in a research note on Friday, January 12th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Synchrony Financial in a research note on Wednesday, January 10th. They issued a "buy" rating and a $56.00 price objective for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $42.72.

Synchrony Financial Stock Performance

Shares of NYSE:SYF traded down $0.36 during mid-day trading on Thursday, reaching $44.66. The company had a trading volume of 4,711,195 shares, compared to its average volume of 4,524,034. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.21. The firm has a market cap of $18.17 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.06 and a beta of 1.61. The company's 50-day moving average price is $41.56 and its 200-day moving average price is $36.76. Synchrony Financial has a one year low of $26.59 and a one year high of $45.33.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.18 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.19). The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $4.44 billion. Synchrony Financial had a return on equity of 17.37% and a net margin of 10.68%. During the same period last year, the firm posted $1.35 EPS. As a group, equities research analysts anticipate that Synchrony Financial will post 5.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider David P. Melito sold 7,283 shares of the company's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $38.99, for a total transaction of $283,964.17. Following the completion of the transaction, the insider now directly owns 14,183 shares of the company's stock, valued at $552,995.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Curtis Howse sold 6,179 shares of the business's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $42.82, for a total transaction of $264,584.78. Following the transaction, the insider now owns 152,604 shares in the company, valued at $6,534,503.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David P. Melito sold 7,283 shares of the business's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $38.99, for a total transaction of $283,964.17. Following the transaction, the insider now owns 14,183 shares in the company, valued at approximately $552,995.17. The disclosure for this sale can be found here. Insiders sold 148,158 shares of company stock valued at $6,106,106 over the last three months. Insiders own 0.65% of the company's stock.

Institutional Investors Weigh In On Synchrony Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of SYF. Assenagon Asset Management S.A. grew its holdings in Synchrony Financial by 995.4% in the first quarter. Assenagon Asset Management S.A. now owns 5,599,443 shares of the financial services provider's stock worth $241,448,000 after purchasing an additional 5,088,262 shares during the period. Norges Bank purchased a new stake in shares of Synchrony Financial during the fourth quarter valued at approximately $182,739,000. Boston Partners grew its holdings in shares of Synchrony Financial by 158.9% during the third quarter. Boston Partners now owns 3,095,762 shares of the financial services provider's stock valued at $94,609,000 after buying an additional 1,900,216 shares during the last quarter. KBC Group NV grew its holdings in shares of Synchrony Financial by 362.0% during the fourth quarter. KBC Group NV now owns 1,981,883 shares of the financial services provider's stock valued at $75,688,000 after buying an additional 1,552,946 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Synchrony Financial by 16.0% during the third quarter. Invesco Ltd. now owns 5,468,996 shares of the financial services provider's stock valued at $167,187,000 after buying an additional 755,856 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company's stock.

Synchrony Financial Company Profile

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.